Trump unveils ‘discounted’ reciprocal tariffs, India to be charged 27%
US President Donald Trump has announced sweeping ‘discounted’ reciprocal tariffs on several countries, including India, which will be charged 27 per cent of its imports.
Calling the move a “kind reciprocal”, Trump said the tariffs will not be fully reciprocal and the US will charge countries around half of the levies they put on Washington.
In a press conference at the White House, Trump showed a chart showing the list of countries, including India, with the new tariffs to be imposed on them and the current levies the nations impose on the United States.
He said that India imposes a 52 per cent tariff on US imports. Quoting news agency Reuters, a senior White House official said the reciprocal tariffs will go into effect on April 9 at 12.01 am.
Recalling Prime Minister Narendra Modi’s visit to the US in February, he called him his “great friend” but said India “hasn’t been treating the US right” due to its “very tough” tariffs.
“The Prime Minister just left. He’s a great friend of mine. But I said, ‘You’re a friend of mine, but you haven’t been treating us right’. They charge us 52 per cent, but we charged them almost nothing for years and decades. It was only seven years ago when I came in,” he said.